I'm not adverse to fixing up property, but  I do not like doing rehabs before I'm familiar with any area and it's way of doing things so turnkey is where I'm leaning.   

It seems like you are a risk adverse person, who is trying to plan for worst case situation.

If you are risk adverse real estate, (especially out of state) is not for you.If you have any further questions or want someones 2 cents feel free to tag me in your threads.

Common enforcement triggers are:insolvency (including events relating to insolvency, such as receivership);failure to pay an amount under the loan;breach of a transaction document (although sometimes only if a materiality threshold is passed or a remedy period has expired);misrepresentation (although sometimes only if a materiality threshold is passed or a remedy period has expired);in many cases, cross-default;in many cases, material adverse change in the borrower’s circumstances; andin many cases, change of control.In the case of land, a process for carrying out a mortgagee sale of the land is prescribed in the Property Law Act 2007.

Your asking the right questions, in general commercial due diligence varies from residential in the fact that you not only have to make sure the building itself is in acceptable condition but also confirm there are no other outside mitigating factors that could adversely effect the investment. 

Also, for those that have used Cozy.co or similar screening sites, do they offer the ability to send the "Adverse Action notice" if I decline the applicant for something found on their screening through that site or would I still need to send it out myself to them via mail, email, etc?

The full suite of checks run with the platform I'm using include:Job history, rental history, income verification, credit score, adverse items, credit history, nationwide criminal check, terror list, sex offender list, evictions.However, one of the tenant candidates that's interested in my property is a physician who contracts with a medical company. 

Good that they didn't play the card of adverse possession.

It's seems clear he has a difficult time getting to and getting in & out of the bathtub, and some of our deferred maintenance included a leaky tub surround, presumably due to the strain placed on the tub by the large gentleman.Not entirely sure what is happening there in regards to his laundry/food situation but it seems clear he must be being enabled in some ways by his roomate.My friend is a compassionate guy, however I am concerned that the property value and quality of life of others in his building could be adversely affected by this tenants presence.

And, I must admit, it's probably smaller lenders that go there since they really don't want to waste their time.....I can see where a large lender as mentioned above would not give such matters a second thought as they are more risk adverse, having very regimented business operations.But Bryan, when you get people stacked up in your lobby, you'll start cutting the heard too!